https://www.taxtmi.com/highlights?id=65945 Penalty u/s 271D - contravention of provisions of 269SS - Scope of 'reasonable cause' used in Section 273B - Even though transactions of one party had been settled by the other party by way of assignment of receivables / payables or for any other reason as detailed supra, we find that all the transactions have been ultimately settled for the difference amount by account payee cheques only. - No penalty - AT en-us Thu, 06 Oct 2022 08:36:51 +0530 Thu, 06 Oct 2022 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65945 Penalty u/s 271D - contravention of provisions of 269SS - Scope of 'reasonable cause' used in Section 273B - Even though transactions of one party had been settled by the other party by way of assignment of receivables / payables or for any other reason as detailed supra, we find that all the transactions have been ultimately settled for the difference amount by account payee cheques only. - No penalty - AT Highlights Income Tax Thu, 06 Oct 2022 08:36:51 +0530 https://www.taxtmi.com/highlights?id=65945